The Home Buying Process

Buying a home is an exciting time, especially for first-time homebuyers.  There’s the sense of pride that comes with home ownership, along with the tax and financial benefits.  Home ownership is considered to be a staple in the American dream, and right now the American dream is more affordable than it has been in a very long time.

If you feel ready to take the rewarding leap into home ownership, the first step should be contacting an experienced Realtor in Silver Spring, MD.  Your Realtor will represent you as a buyer’s agent, protecting your interests and working towards your goals. 

Once you have selected your real estate agent, he/she can put you in touch with a reputable loan officer.  This loan officer will pre-qualify you based on your income, debts, credit history, etc. and determine how much home you can afford.  Keep in mind that things like condo fees can significantly alter this amount, so ask your lender about the impact such fees will have on your bottom line.

Now that you’re armed with a professional real estate agent and a pre-qualification letter, you are ready to begin your search for homes in Silver Spring, MD. 

When searching for homes, takes notes of features that you like and do not like.  Then, communicate these preferences to your Realtor.  You should also prioritize must-have items from non-necessity.  Your Silver Spring real estate agent will do his/her best to find your dream home, but you may have to compromise on certain things.

When you have found a home that you would like to make an offer on, you and your Realtor will review comps to determine a reasonable offer amount.  Be prepared for the seller to counter if you offer below list price, as this will open the door to negotiations.  However, certain homes and price ranges are more competitive than others.  If you are making an offer on a home that falls into this category, you could be outbid.  Speak with your agent to get a better understanding of which homes/price ranges this may apply to.

If you or anyone you know is ready to buy a home in Silver Spring, MD, contact Emcee Arah and the EMA Real Estate Group.  Arah and his team are dedicated to providing a quality experience through a stress-free, step-by-step system of real estate services that have been specifically designed to ensure a smooth relocation process for his clients. 

To contact Emcee Arah, call 301.452.5252 or visit www.LowPaymentHome.com.